Bloomberg Commerzbank AG said it’s handed German tax authorities an interim report on possible tax-minimising trades and is preparing a final assessment. The bank is in “close communication” with officials, spokeswoman Margarita Thiel said an in e-mailed statement. The report concerns so-called cum-ex stock trades made since 2003. Frankfurter Allgemeine Zeitung reported that Commerzbank had received information about illegitimate ...

  BLOOMBERG National Bank of Canada fell in Toronto trading after saying it will set aside C$195 million ($152 million) to cover soured oil-and-gas loans in the second quarter, joining Canadian Western Bank in providing an early warning of rising credit losses tied to energy. Shares of the country’s sixth-largest lender slid 1.8 percent to C$41.75, the worst performance in ...

  BLOOMBERG Bank of America Corp.’s Will Abbott, head of equities for Russia, stepped down after three years at the lender, according to two people familiar with his departure. Abbott, who joined the bank in 2013 from Renaissance Capital, is moving to a role outside investment banking, according to one person, who asked not to identified because the information is ...